Coralville talking new IRL development

The Coralville City Council is slated to discuss a proposal for another development on the Iowa River Landing.

On Tuesday the council will hold a public hearing on a proposal to enter into a purchase lease agreement with California-based OliverMcMillan LLC - IRL's master developer -- for a two-level building in the designated urban renewal area.

The lease is not to exceed $6 million and the ground floor of the two-level building would be reserved for retail space, according to the document.

According to preliminary estimates in city documents, the project would cost about $11 million and take nine months to complete the two phase construction.

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Coralville talking new IRL development

The Coralville City Council is slated to discuss a proposal for another development on the Iowa River Landing.